22nd Century Group Changes Auditors
Ticker: XXII · Form: 8-K · Filed: Aug 26, 2025 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Aug 26, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
22nd Century Group just switched auditors from PwC to WithumSmith+Brown.
AI Summary
On August 22, 2025, 22nd Century Group, Inc. announced a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged WithumSmith+Brown, PC as its new independent registered public accounting firm. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which could impact investor confidence.
Risk Assessment
Risk Level: medium — A change in auditors, especially without a stated disagreement, can introduce uncertainty about the company's financial reporting processes and controls.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
- WithumSmith+Brown, PC (company) — New Certifying Accountant
- August 22, 2025 (date) — Date of earliest event reported
FAQ
When was the change in certifying accountant effective?
The change in certifying accountant was effective on August 22, 2025.
Who was 22nd Century Group's previous independent registered public accounting firm?
22nd Century Group's previous independent registered public accounting firm was PricewaterhouseCoopers LLP.
Who is 22nd Century Group's new independent registered public accounting firm?
22nd Century Group's new independent registered public accounting firm is WithumSmith+Brown, PC.
Did 22nd Century Group have any disagreements with PricewaterhouseCoopers LLP?
The filing does not state any disagreements between 22nd Century Group and PricewaterhouseCoopers LLP.
What is the principal executive office address for 22nd Century Group, Inc.?
The principal executive office address for 22nd Century Group, Inc. is 321 Farmington Road, Mocksville, North Carolina 27028.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 14 · Accepted 2025-08-26 17:15:29
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Mark
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex16-1.htm (EX-16.1) — 4KB
- 0001641172-25-025569.txt ( ) — 206KB
- xxii-20250822.xsd (EX-101.SCH) — 3KB
- xxii-20250822_lab.xml (EX-101.LAB) — 33KB
- xxii-20250822_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. (a) Replacement of Previous Independent Registered Public Accounting Firm On August 22, 2025, the Audit Committee (the " Committee ") of the Board of Directors (the "Board") of 22 nd Century Group, Inc. (the "Company") approved the replacement of Freed Maxick P.C. ("FM") as the Company's independent registered public accounting firm, due to the acquisition of certain assets of FM by Withum Smith+Brown, PC ("Withum"), effective immediately, and informed FM of such replacement on the date thereof (the "Replacement"). The reports of FM on the Company's financial statements for the fiscal years ended December 31, 2023 and 2024 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles During the Company's fiscal years ended December 31, 2023 and 2024, and the subsequent interim period through August 22, 2025, (i) there were no "disagreements," as defined in Item 304(a)(1)(iv) of Regulation S-K, with FM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of FM, would have caused FM to make reference to the subject matter of the disagreements in connection with its reports on the Company's consolidated financial statements for such period, and (ii) there were no "reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided FM with a copy of the disclosures in this Current Report on Form 8-K and requested that FM furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Company's statements herein. A copy of such letter, which is dated August 22, 2025, is attached as Exhibit 16.1 to this Current Report on Form 8-K. (b) Appointment of New Independent Registered Public Accounting Firm In con
(a)(1)(v) of Regulation S-K
Item 304(a)(1)(v) of Regulation S-K.
01(d): Financial Statements and Exhibits
Item 9.01(d): Financial Statements and Exhibits. Exhibit 16.1 Letter of WithumSmith+Brown, PC dated August 22, 2025 Exhibit 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 22nd Century Group, Inc. /s/ Daniel A. Otto Date: August 25, 2025 Daniel A. Otto Chief Financial Officer